Core Insights - The acquisition of Forge First will enhance CI GAM's capabilities in the liquid alternatives and private markets segments, complementing its existing fund lineup [1] - Forge First has a strong track record in the alternatives space, particularly in risk management during market downturns [1] Transaction Details - The transaction is expected to close in the fourth quarter, with undisclosed terms, and Forge will continue to operate under its own name as a separate business [2] - Forge First manages two liquid alternatives mutual funds and two limited partnerships, distributed through major Canadian bank-owned dealers [2] Strategic Implications - CI GAM's scale and distribution capabilities are expected to increase Forge First's exposure to advisors, family offices, and institutional investors across Canada [3] - CI Financial Corp., CI GAM's parent company, was recently acquired by Mubadala Capital for US$4.7 billion, indicating ongoing growth and expansion under new ownership [3]